About 1069 Palmwood Drive
This tenant-occupied rental delivers cash flow from day one—no need to market or guess on rents. More investors are now targeting tenant-occupied homes like this one as an easier, faster way to grow their portfolio with clarity and income from the start. Leased at 2,175/month through July 1, 2026, with full analytics available. Features include 3 bedrooms, 2 bathrooms, 1,321 sqft, and a freshly painted exterior (2024). 4.9 Cap Rate on actual rents. Professionally maintained with annual inspections, responsive repairs, and routine filter replacements. Available individually or with 1544 Woodhaven Ln and 1218 Junction Dr as part of a nearby Sparks portfolio, for 1,295,000 for all three properties combined. Drive by only. Do not disturb tenants. Contact the listing agent for individual or portfolio financials.
Features of 1069 Palmwood Drive
| MLS® # | 250052193 |
|---|---|
| Price | $450,000 |
| Bedrooms | 3 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,321 |
| Acres | 0.15 |
| Year Built | 1977 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 1069 Palmwood Drive |
|---|---|
| Area | 89434 |
| City | Sparks |
| County | Washoe |
| State | NV |
| Zip Code | 89434 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Internet Available, Water Meter Installed |
|---|---|
| Parking Spaces | 2 |
| Parking | Attached, Garage, Garage Door Opener |
| # of Garages | 2 |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | Ceiling Fan(s) |
|---|---|
| Appliances | Dishwasher, Electric Range, Washer, Electric Cooktop |
| Heating | Fireplace(s), Forced Air |
| Cooling | Central Air |
| Fireplace | Yes |
| Fireplaces | Gas, Living Room |
| # of Stories | 1 |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Adjoins Street |
| Windows | Blinds, Double Pane Windows |
| Roof | Composition, Shingle |
| Construction | HardiPlank Type, Wood Siding |
| Foundation | Crawl Space |
School Information
| Elementary | Juniper |
|---|---|
| Middle | Mendive |
| High | Reed |
Additional Information
| Date Listed | June 27th, 2025 |
|---|---|
| Days on Market | 123 |
| Zoning | SF-6 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Address Income |
|---|
